Our favorite AI crypto coin breakout has a strong message to crypto investors: the AI crypto coins segment is ready to take off.
RELATED – Crypto And AI Can Help You To Build Next Generation Wealth.
We want to be mindful of the leaders in the new crypto boom.
That’s because of the bi-furcated nature of this current crypto bull market:
Bi-furcated crypto markets in 2024 will make it unusually challenging in 2024, hence also potentially unusually rewarding in 2024.
As explained, a few coins and crypto segments will do unusually well in this bull cycle:
Unlike the winter of 2020/2021, where a rising tide lifted all altcoins, 2024 demands a very different approach. The altcoin landscape is diverse, with projects spanning various niches and functionalities.
No surprise, we are super bullish on AI crypto coins, since a lot time.
In fact, most of our AI crypto coin tips, shared in our crypto research service, are up between 30 and 50 pct in recent weeks, since we tipped them in January. And this is just the beginning.
AI crypto coins in 2024
Our viewpoint is that the crypto winners of 2024 will be very different than the winners of 2023.
Holding to the 2023 winners might not be the best strategy.
We are in agreement with this viewpoint:
If you want to maximize this bull run, you must pick the right narratives.
Last cycle, we saw L1s, DeFi and metaverse coins explode.
This cycle, institutions are pouring capital into THESE narratives.
You have a chance to be EARLY.
— Miles Deutscher (@milesdeutscher) February 3, 2024
It gets even more interesting if we think about AI crypto coins.
Even the AI crypto winners of 2023 are likely not going to be the winners in 2024.
That’s why we keep on saying – mind the hidden crypto bull market characteristics to ensure you are on the receiving side of the crypto market boom.
Crypto in the news
It is fun to use AI for crypto education.
However, it is useless to use AI for crypto investing.
More importantly, it is dangerous to use AI for collecting crypto news with the purpose to understand investing opportunities.
Latest #Crypto rally explained by $ASTRA #AI Search Engine. 💫 pic.twitter.com/Rq9O61hRz1
— AstraAI (@AstraAIofficial) February 13, 2024
The above tweet, while entertaining, does not help in picking the right crypto segments to invest in.
Be careful, even AI engines are simply making use of search engines. Out of our AI search on OpenAI came this search result: hidden crypto gems. They are not as hidden as you might think, they are not helpful to outperform your crypto investor peers.
AI crypto coin breakout
What matters, as said many times, is chart setups grouped per crypto segment.
That’s what we offer in our premium research service. We did ‘lend’ one of our favorite AI crypto coin charts from the latest research alerts.
As seen below, featuring one of our top AI crypto coins, we should be mindful of bullish patterns. What’s visible on below chart is a wide bullish reversal in the form of a W-reversal.
The width of this reversal is huge. Consequently, the impact of a breakout is tremendous. The upside potential, to illustrate this, according to our analysis, is at least 3x to 4x, potentially 8x.
The importance of this chart cannot be understated – it has implications for all AI crypto coin.
In fact, we believe that this AI crypto coin is a leader. It will push AI crypto coins much higher as it confirms its breakout. Its breakout is confirmed once it moves decisively above its current price point (the most important level of this retracement, purple fine line, as per Fibonacci retracements).
AI crypto coins will lead in alt season 2024
It should not come as a surprise that AI crypto coins want to break out, with our top AI crypto coin in the lead.
We already mentioned that alts will outperform before the summer of 2024.
READ – Crypto Markets Almost Ready For Alt Season 2024. Are You?
The one important indicator we used to predict alt season 2024 is the one shown below – market cap excl. BTC and ETH. The specific level we mentioned was $505B. Once above this level, it would mark the start of alt season 2024.
AI crypto coins – buy alerts
Is it time to buy AI crypto coins? Yes.
Which AI crypto coins to buy? Some of them, not all of them.
How to know which AI crypto coins to buy? Look at the chart combined with fundamentals.
One rule of thumb to remember – the AI crypto coins that were leaders in 2023 won’t lead in 2024. Take for instance Fetch.ai, our top AI coin of 2023. We flashed a buy alert in our research service right before it moved 800% higher. At this point in time, we do not recommending buying Fetch.ai now. In fact,. we are recommending to take profits, and rotate to the next winners in what we call the AI crypto 2.0 trend.
Which are the next AI crypto coins to consider?
We addressed this in multiple alerts (log in required): Top AI & Big Data Tokens Working On Breakouts and Buy Alert: Two AI 2.0 Tokens, One Big Data Token. Both alerts are accessible in the research area of our site, for those that require instant access simply sign up and enjoy the gorgeous AI coin charts.
